Suzano (NYSE:SUZ) Sets New 52-Week Low – Here’s What Happened

Shares of Suzano S.A. (NYSE:SUZ) hit a new 52-week low on Friday . The stock traded as low as $8.74 and last traded at $8.77, with a volume of 147091 shares trading hands. The stock had previously closed at $9.10.

Suzano Trading Down 4.1 %

The company has a debt-to-equity ratio of 2.81, a current ratio of 1.72 and a quick ratio of 1.40. The business has a fifty day moving average of $9.86 and a 200-day moving average of $10.07. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 13.85 and a beta of 0.88.

Hedge Funds Weigh In On Suzano

Several hedge funds have recently made changes to their positions in the business. Atlas FRM LLC boosted its holdings in Suzano by 13.1% during the fourth quarter. Atlas FRM LLC now owns 17,320,000 shares of the company’s stock worth $175,278,000 after buying an additional 2,000,000 shares in the last quarter. Millennium Management LLC lifted its position in shares of Suzano by 45,596.6% during the 4th quarter. Millennium Management LLC now owns 4,624,036 shares of the company’s stock valued at $46,795,000 after acquiring an additional 4,613,917 shares during the last quarter. State Street Corp boosted its stake in shares of Suzano by 14.1% during the 3rd quarter. State Street Corp now owns 4,597,801 shares of the company’s stock worth $45,978,000 after acquiring an additional 568,618 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Suzano by 465.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company’s stock worth $37,242,000 after acquiring an additional 3,029,016 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Suzano by 261.5% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,130,093 shares of the company’s stock worth $21,557,000 after purchasing an additional 1,540,864 shares during the period. Institutional investors and hedge funds own 2.55% of the company’s stock.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.